BTS Group Q1 2027 Earnings: Revenue Up 5%, Net Loss Persists

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2▲1 ▼1Impact / 5
Summary · why it matters

BTS Group Holdings reported first-quarter fiscal 2027 operating revenue of THB6.1 billion, up 5% year-on-year, while a net loss of THB388 million attributable to shareholders persisted. Recurring EBITDA rose 3% to THB2.8 billion, and the balance sheet strengthened with adjusted net debt-to-equity improving to 1.3 times from 1.4 times. The MIX business saw net profit excluding nonrecurring items jump 92% year-on-year, driven by digital services and distribution, while ROCTEC achieved 11% revenue growth and a 12.4% net profit margin. However, MOVE operating revenue fell 12% due to the absence of construction revenue from the completed Pink Line extension, and BTSGIF share of profit dropped 47% on fund investment amortization. Management highlighted the government's common ticketing scheme targeting January 1, 2027, and VGI's confidence in achieving its THB5 billion to THB5.5 billion revenue target.

Impact on assets 2

Smart City / Autonomous Infrastructure▼ · 1 stocks
Digital Finance & Tokenization▲ · 1 stocks
VGI Public Company Limited
VGI
▲ PositiveDemandrelevance

VGI confident in achieving THB5-5.5B revenue target, supported by digital services and distribution.

Off-coverage companies 1

BTS Rail Mass Transit Growth Infrastructure FundPrivate▼ Negative
Capitalrelevance

BTSGIF share of profit dropped 47% on fund investment amortization.

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